The Economic Times- News- Economy- Finance

The Economic Times- News- Economy- Finance
The Economic Times: Latest business, finance, markets, stocks, company news from India.

Foreign borrowings aplenty for India Inc despite turmoil
Indian Inc continues to find favour with overseas lenders, the global financial turmoil notwithstanding. Indian companies borrowed $1 billion overseas in the month of October in the current fiscal.
Adopt uniform definition for policy lapsation: IRDA
Domestic life insurers may have to adopt a uniform definition for lapsation of insurance policies to give more leeway to policyholders on premium payments.
FDI in credit info cos likely to go up to 49%
The Reserve Bank of India (RBI) will now consider allowing foreign direct investment (FDI) up to 49% in credit information companies with voting rights restricted to 10%.
Meltdown troubleshooting pack to get nod next week
The bailout package for Indian industry hit by global slowdown is likely to be finalised by the high-level committee of secretaries by the week-end.
States to pay 25 bps more for one-year loans
At a time when banks are being advised to lower the cost of funds to boost economic growth, the Centre has raised the interest rates on loans taken by state governments to meet any shortfall in their funds to meet administrative needs.
Bank loans go the slowdown street
Is this a sign of a slowdown in the economy? Bank loans have dipped by Rs 16,630 crore during the period between October 31 and November 7, 2008.
RBI makes a cool profit of Rs 2,000 cr on dollar rush
If there is one entity that is making a killing even when global financial markets face turbulence, it?s the Reserve Bank of India (RBI).
Small companies turn to currency exchanges to hedge risk
Devendra Surana runs a copper fabrication business in Hyderabad. His Rs 300-crore company, Bhagyanagar India, imports copper worth $2 million each month from Russia, and manufactures starter coils which are sold to auto ancillary companies throughout India.
Grim outlook for FDI: OECD
Organisation For Economic Cooperation And Development has painted a grim outlook for FDI pattern.
NHB may help construct more roofs for aam aadmi
In yet another move to provide more funds to cash-strapped housing finance companies (HFCs), the Reserve Bank of India (RBI) is looking at augmenting the resources of the National Housing Bank.
RBI may consider fresh liquidity steps to propel growth: Mohan
The Reserve Bank of India (RBI) could consider fresh measures to provide liquidity in the country?s financial system to propel economic growth.
Cut excise duties, interest rates to drive demand: CII
CII president and ICICI Bank chief executive KV Kamath has called for excise duty cuts to boost demand and tide over the current economic crisis.
Financial crisis: Calling for unity in adversity
It took a full-blown crisis to realise a global economy really means global co-ordination. Leaders are now calling for responsibility and ethics to sustain growth, and pull the world back from the brink of collapse.
Citi expects more liquidity easing measures by RBI
Citigroup said that the RBI is likely to further cut policy rates as well as reserve ratios and launch NRI deposit scheme to inject more liquidity into the system.
PE inflows dip 72 pc amid global credit crisis
Private equity investments in India have declined by 72 pc to $9.67 billion till October, largely due to global financial turmoil.

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